Quarterly report pursuant to Section 13 or 15(d)

Capitalized Software

v3.23.3
Capitalized Software
9 Months Ended
Sep. 30, 2023
Capitalized Computer Software, Net [Abstract]  
Capitalized Software

NOTE 7 – CAPITALIZED SOFTWARE

Capitalized software consists of the following at:

 

 

September 30, 2023

 

 

December 31, 2022

 

Capitalized software

 

$

5,656,885

 

 

$

8,094,385

 

Accumulated amortization

 

 

(2,913,938

)

 

 

(3,505,679

)

Capitalized software, net

 

$

2,742,947

 

 

$

4,588,706

 

 

Amortization expense was $1,845,759 and $1,703,699 for the nine months ended September 30, 2023 and 2022, respectively. Amortization expense was $615,253 and $568,195 for the three months ended September 30, 2023 and 2022, respectively.